
9 September 2024 | 14 replies
Check the supply line to the toilet & the supply lines under the sink for potential culprits.

10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?

9 September 2024 | 4 replies
Hard to find however you can call them since they supply their number.

6 September 2024 | 9 replies
My Landscape company is an S Corp so I am familiar with that business structure, but I just don't know the best way to structure a real estate company.

9 September 2024 | 5 replies
We did it once about 8 yrs ago (although it was structured more like a lease-purchase).

10 September 2024 | 2 replies
My best recommendation, though, is to have a lawyer structure the contract, and make sure you are put on title.

10 September 2024 | 1 reply
These strategies, when combined with solid due diligence, can help structure deals that might otherwise fall through.

9 September 2024 | 1 reply
In addition to Spirit Halloween, major retailers like Walmart, Target, Amazon, Home Depot, and Lowe’s are all competing for a share of the $12 billion Halloween market.With Home Depot’s viral 12-foot skeleton selling out and Big Lots purchasing overstock Halloween supplies, Party City faces fierce competition.

13 September 2024 | 23 replies
For example, we converted an office structure into a duplex, which forced appreciation and positive cash flow.